What is a Short Sale?
A short sale is when a lender accepts less than the total amount of the loan as payoff for the loan. This can occur when you owe more on your loan than your home is currently worth.
A short sale is not an easy transaction and requires a professional that is trained and knowledgeable. Not every Realtor knows how to process a short sale. Negotiation skills are particularly important, as the agent will be negotiating with the bank on your behalf.
If you'd like more information about short sales and the short sale process, contact us. We can walk you through the process so you know exactly what to expect and what the bank will expect from you. We're here to help.
Many agents will offer to help you with your short sale, but you should make sure you hire one that is SFR Certified. That way you can be assured that they know what they're doing. These are difficult transactions and any small mistake can cost you your home and foreclosure.Why a Short Sale might be "Best for You":
Simply because there are some advantages of doing a short sale versus a foreclosure:short sale
Call us today for a zero-cost short sale. Absolutely no fees or cost to you, even if your home is worth less than you owe. If you already received a Notice of Default or Notice of Trust Deed Sale there is no time to lose. Contact us and we'll explain your options to you.
If you have a hardship and are considering a short sale or are facing foreclosure and want to know what your options are, we can help. We have earned the nationally recognized Short Sales and Foreclosure Resource Certification (SFR) offered by the National Association of Realtors. We are trained on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and we can provide you with resources so that you can explore other options available to you.
Nearly one-third of all existing homes sold recently have been either a foreclosure or a short sale - they have become the new "traditional" transaction. We can help you understand the complexities of a short sale and discuss your options if you are facing foreclosure.